Unaudited Standalone and consolidated financial result Financial Results for the quarter & half year ended September 30, 2025 along with the Limited Review Report thereon.
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Awaiting price reaction for this filing.
SVA India Ltd reported weak H1 FY26 results with a standalone net loss of Rs. 75.08 lakhs versus a profit of Rs. 84.61 lakhs in FY25. Total income for H1 FY26 was just Rs. 26.85 lakhs (all from 'Other Income'; revenue from operations appears negligible). Loss before tax widened to Rs. 74.55 lakhs from Rs. 6.02 lakhs in H1 FY25. The consolidated loss was Rs. 29.92 lakhs, though associate companies contributed a share of profit of Rs. 67.87 lakhs. The board also took note of the resignation of statutory auditor M/s. NBS & Co. The auditor issued a modified (qualified) opinion on consolidated results, as one associate (Aussee Oats Millings) was not consolidated, violating Ind AS 28 and Section 129(3) of the Companies Act, due to ongoing shareholder disputes.
Negative for shareholders — the company swung to a loss, its core revenue from operations is essentially nil, and it paid a Rs. 1.45 lakh BSE penalty for late filing. The auditor's qualified opinion, auditor resignation, and negative operating cash flow raise governance and going-concern concerns. Debt of ~Rs. 1,449 lakhs against equity of ~Rs. 885 lakhs (D/E ~1.6x) further pressures the stock.